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Effective January 1, 2023 PCGS announces Collector Services & Fees

GoldbullyGoldbully Posts: 16,864 ✭✭✭✭✭

Just a quick look, and I see Express was $65 now $70, Regular was $38 now $40, and Variety attribution was $18 now $20.

What did I miss?



https://www.pcgs.com/servicesandfees

Comments

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    P0CKETCHANGEP0CKETCHANGE Posts: 2,259 ✭✭✭✭✭

    Economy up $1
    Reholder up $1/$7

    Nothing is as expensive as free money.

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    jt88jt88 Posts: 2,839 ✭✭✭✭✭

    This is kind of expected because inflation is everywhere. Coin price will follow too

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    jt88jt88 Posts: 2,839 ✭✭✭✭✭

    I think the next is auction house increase the fee from 20% to 23% or even 25% soon

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    pruebaspruebas Posts: 4,327 ✭✭✭✭✭

    Shipping will likely go up as well, but they do not state the shipping prices.

    Didn't regular used to be $40 a few years ago and it was then lowered to $38?

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    WCCWCC Posts: 2,389 ✭✭✭✭✭

    @jt88 said:
    This is kind of expected because inflation is everywhere. Coin price will follow too

    Not necessarily the coins most collectors or submitters own.

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    davewesendavewesen Posts: 5,860 ✭✭✭✭✭

    economy is +1
    varieties +2
    now an economy error for $35

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    1madman1madman Posts: 1,298 ✭✭✭✭✭

    Show gold +5

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    erscoloerscolo Posts: 499 ✭✭✭✭✭

    Small wonder I have never submitted a coin or anything else to a grading service.

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    TurtleCatTurtleCat Posts: 4,594 ✭✭✭✭✭

    I think the most negatively impacted areas will be bullion and low value submissions. Perhaps that is for the best?

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    winestevenwinesteven Posts: 4,079 ✭✭✭✭✭

    Another increase shown is the $2 Handling fee per order for having PCGS return coins using my FedEx Priority Overnight account will now be $4 (a 100% increase, lol).

    Steve

    A day without fine wine and working on your coin collection is like a day without sunshine!!!

    My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
    https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
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    jmlanzafjmlanzaf Posts: 32,003 ✭✭✭✭✭

    @winesteven said:

    @jt88 said:
    I think the next is auction house increase the fee from 20% to 23% or even 25% soon

    IF it happens, it doesn’t hurt the bidders, as many will/should adjust their hammer bid, but will negatively impact the consignors!

    Steve

    It sort of depends on where they allocate the increase. They could decrease the premiums for sellers with the money. I mean, would you rather consign where there is a 20% BP and a 0% SP or where there is a 25% BP but you get 105% of hammer?

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    rickoricko Posts: 98,724 ✭✭✭✭✭

    Prices increasing everywhere... A dozen eggs now about four times the price it was a couple years ago. Cheers, RickO

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    winestevenwinesteven Posts: 4,079 ✭✭✭✭✭
    edited January 15, 2023 7:15AM

    @jmlanzaf said:

    @winesteven said:

    @jt88 said:
    I think the next is auction house increase the fee from 20% to 23% or even 25% soon

    IF it happens, it doesn’t hurt the bidders, as many will/should adjust their hammer bid, but will negatively impact the consignors!

    Steve

    It sort of depends on where they allocate the increase. They could decrease the premiums for sellers with the money. I mean, would you rather consign where there is a 20% BP and a 0% SP or where there is a 25% BP but you get 105% of hammer?

    But those same negotiations take place today, with the consignor usually getting more than 100% of the hammer. However, I admit that if they raise the bp, it could be EASIER for consignors to negotiate a larger increase over the hammer than they can get now.

    A day without fine wine and working on your coin collection is like a day without sunshine!!!

    My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
    https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
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    oih82w8oih82w8 Posts: 11,907 ✭✭✭✭✭

    Just about everything continues to go up in price... except our wages. 😔

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore...
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    JimTylerJimTyler Posts: 3,060 ✭✭✭✭✭

    Collector club voucher limit $2500 ? Are they saying you can only use your freebies for joining on coins under $2500 ?

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    jmlanzafjmlanzaf Posts: 32,003 ✭✭✭✭✭

    @winesteven said:

    @jmlanzaf said:

    @winesteven said:

    @jt88 said:
    I think the next is auction house increase the fee from 20% to 23% or even 25% soon

    IF it happens, it doesn’t hurt the bidders, as many will/should adjust their hammer bid, but will negatively impact the consignors!

    Steve

    It sort of depends on where they allocate the increase. They could decrease the premiums for sellers with the money. I mean, would you rather consign where there is a 20% BP and a 0% SP or where there is a 25% BP but you get 105% of hammer?

    But those same negotiations take place today, with the consignor usually getting more than 100% of the hammer. However, I admit that if they raise the bp, it could be EASIER for consignors to negotiate a larger increase over the hammer than they can get now.

    I know. But the argument for the BP increases last time was for that very reason. So, it's not clear how the calculation changes for consignors. Of course it's not good for widget consignors, but I don't think any auction house is terribly efficient for moving widgets (including GC).

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    winestevenwinesteven Posts: 4,079 ✭✭✭✭✭

    @JimTyler said:
    Collector club voucher limit $2500 ? Are they saying you can only use your freebies for joining on coins under $2500 ?

    Yes, but it's been like this for awhile. This is not a current change.

    Steve

    A day without fine wine and working on your coin collection is like a day without sunshine!!!

    My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
    https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
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    JimTylerJimTyler Posts: 3,060 ✭✭✭✭✭

    @winesteven said:

    @JimTyler said:
    Collector club voucher limit $2500 ? Are they saying you can only use your freebies for joining on coins under $2500 ?

    Yes, but it's been like this for awhile. This is not a current change.

    Steve

    Been a long time since I submitted coins.

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    291fifth291fifth Posts: 23,945 ✭✭✭✭✭

    @oih82w8 said:
    Just about everything continues to go up in price... except our wages. 😔

    And this is going to cause a lot of problems in the near future when the average workers find themselves getting a 3% wage increase while the top executives get huge increases that far outpace inflation. Anger is building.

    All glory is fleeting.
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    mark_dakmark_dak Posts: 1,095 ✭✭✭✭✭

    @jmlanzaf said:

    @erscolo said:
    Small wonder I have never submitted a coin or anything else to a grading service.

    I think you're on the wrong forum.

    I'm not sure the poster clarified he or she has never owned a slabbed coin, just that they have never submitted. I have only sent a hand full in via my LCS. It is quite a confusing, expensive and long process for many average coin collectors to perform on their own.

    Mark

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    jmlanzafjmlanzaf Posts: 32,003 ✭✭✭✭✭

    @mark_dak said:

    @jmlanzaf said:

    @erscolo said:
    Small wonder I have never submitted a coin or anything else to a grading service.

    I think you're on the wrong forum.

    I'm not sure the poster clarified he or she has never owned a slabbed coin, just that they have never submitted. I have only sent a hand full in via my LCS. It is quite a confusing, expensive and long process for many average coin collectors to perform on their own.

    Mark

    I know. But it seems a little odd to be on the PCGS forum criticizing all TPGs for their business model.

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    Walkerguy21DWalkerguy21D Posts: 11,150 ✭✭✭✭✭

    The increases are pretty nominal, IMO. And on the bright side, maybe they will increase staffing and reduce the turnaround time.

    Successful BST transactions with 170 members. Recent: Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
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    RLSnapperRLSnapper Posts: 524 ✭✭✭✭✭
    edited January 15, 2023 9:22AM

    I guess all the paper submission forms are no good...I don't have a printer. I guess I could always just manually cross out the lower price and enter the increased price. I have 4 vouchers to burn so it really doesn't matter. I just went through my paper form to edit one...the return shipping fees have gone up $5 across the board as well.I will be down grading my Gold Membership to a Regular Membership on my next renewal to even out the costs. I really don't have any coins waiting to be graded and if I should get 1 or 2 it will make up the extra costs with the Membership savings.

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    Walkerguy21DWalkerguy21D Posts: 11,150 ✭✭✭✭✭

    ** I guess all the paper submission forms are no good...I don't have a printer. I guess I could always just manually cross out the lower price and enter the increased price**

    Not sure when the new rates went into play, but I used the 2022 forms and rates at FUN on Jan 6 and the staff accepted them with no qualms or corrections.

    Successful BST transactions with 170 members. Recent: Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
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    1madman1madman Posts: 1,298 ✭✭✭✭✭

    @RLSnapper said:
    I guess all the paper submission forms are no good...I don't have a printer. I guess I could always just manually cross out the lower price and enter the increased price. I have 4 vouchers to burn so it really doesn't matter. I just went through my paper form to edit one...the return shipping fees have gone up $5 across the board as well.I will be down grading my Gold Membership to a Regular Membership on my next renewal to even out the costs. I really don't have any coins waiting to be graded and if I should get 1 or 2 it will make up the extra costs with the Membership savings.

    Old forms are fine. The accounting staff will charge you accordingly for your submission no matter what the form price says.

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    Herb_THerb_T Posts: 1,641 ✭✭✭✭✭

    If they would meet the advertised lead time I wouldn’t bitch….but they don’t and that is just BS!

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    DollarAfterDollarDollarAfterDollar Posts: 3,214 ✭✭✭✭✭

    None of it is warranted when the turn around time on your "service" is so lengthy.

    If you do what you always did, you get what you always got.
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    kruegerkrueger Posts: 807 ✭✭✭

    what is guarantee resubmission ? is that the regrade service?

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    lilolmelilolme Posts: 2,467 ✭✭✭✭✭

    @krueger said:
    what is guarantee resubmission ? is that the regrade service?

    .
    https://www.pcgs.com/guarantee
    .
    And from the submission form pdf
    .
    • GUARANTEE RESUBMISSION: If you have a PCGS-graded coin that you feel is overgraded, misattributed, or counterfeit, submit the coin to PCGS through the Guarantee Resubmission Service. A fee of $25 per coin must accompany all submissions through this service (Standard or Gold Shield). If your coin is downgraded, the terms of the PCGS Guarantee will apply and all fees and charges related to the Guarantee Resubmission will berefunded.Additionalguaranteetermsandconditionsapply.PleasevisitPCGS.com/guaranteeformore information.

    https://youtube.com/watch?v=2YNufnS_kf4 - Mama I'm coming home ...................................................................................................................................................................... RLJ 1958 - 2023

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    MS66MS66 Posts: 200 ✭✭✭

    The top TPGs have done a masterful job of providing a useful service and positioning themselves in the marketplace. The obvious next step is to raise rates.

    They are inundated with submissions--witness the relentless complaining about turnaround times. Note I'm not saying the complaints aren't justified!

    But given these conditions it's natural to increase the fees, even if such increases weren't otherwise justified. Note I'm not saying they aren't!

    Certification results in greatly increased demand for the underlying product. So in that sense alone they really are adding value.

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    jmlanzafjmlanzaf Posts: 32,003 ✭✭✭✭✭

    @MS66 said:
    The top TPGs have done a masterful job of providing a useful service and positioning themselves in the marketplace. The obvious next step is to raise rates.

    They are inundated with submissions--witness the relentless complaining about turnaround times. Note I'm not saying the complaints aren't justified!

    But given these conditions it's natural to increase the fees, even if such increases weren't otherwise justified. Note I'm not saying they aren't!

    Certification results in greatly increased demand for the underlying product. So in that sense alone they really are adding value.

    I love the services. However, increased demand may increase value, but that value increase needs to match the cost. There are very few $100 coins that will increase 40% in value just by being slabbed.

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    DisneyFanDisneyFan Posts: 1,723 ✭✭✭✭✭

    @Walkerguy21D said:
    ** I guess all the paper submission forms are no good...I don't have a printer. I guess I could always just manually cross out the lower price and enter the increased price**

    Sorry to ask - does PCGS have on-line forms?

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    DisneyFanDisneyFan Posts: 1,723 ✭✭✭✭✭

    @291fifth said:

    And this is going to cause a lot of problems in the near future when the average workers find themselves getting a 3% wage increase while the top executives get huge increases that far outpace inflation. Anger is building.

    Sad; but, a lot of that excess compensation is from stock options.

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    Walkerguy21DWalkerguy21D Posts: 11,150 ✭✭✭✭✭

    @DisneyFan said:

    @Walkerguy21D said:
    ** I guess all the paper submission forms are no good...I don't have a printer. I guess I could always just manually cross out the lower price and enter the increased price**

    Sorry to ask - does PCGS have on-line forms?

    They may very well, but as a member they send me a stack every year, along with the required flips to use.
    The official forms have the original cover form plus three copies in different colors. How they replicate that system online I don’t know.

    Successful BST transactions with 170 members. Recent: Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
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    GoldbullyGoldbully Posts: 16,864 ✭✭✭✭✭

    @DisneyFan said:

    Sorry to ask - does PCGS have on-line forms?

    >
    Yes.

    https://www.pcgs.com/onlinesubmission

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    logger7logger7 Posts: 8,094 ✭✭✭✭✭

    I'd have to think that the value of a submission would have to be pretty high to warrant a submission. For a "regular" submission what is the minimum the coin should be worth to warrant that? Also would you send in an economy coin if it were worth under $100?

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    JimnightJimnight Posts: 10,821 ✭✭✭✭✭

    There is only one reason everything is going up!

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    DisneyFanDisneyFan Posts: 1,723 ✭✭✭✭✭

    @Goldbully said:

    @DisneyFan said:

    Sorry to ask - does PCGS have on-line forms?

    >
    Yes.

    https://www.pcgs.com/onlinesubmission

    Thank you - good to know.

    It will be nice when they expand it to include more of the categories as they state:

    Important Note

    The service levels listed below require a PDF Submission Form and are not currently available on the online submission center.

    Bulk
    Quarterly Special
    Mint Error
    Show Services
    Guarantee Resubmission
    Mechanical Error
    Reconsideration
    World Reholder
    Banknotes
    
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    LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭

    to confirm, Errors only need be submitted under that tier, not error AND grading, correct?

    the $70 kinda seems like a grading+attribution fee kidna thing.

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -

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    Walkerguy21DWalkerguy21D Posts: 11,150 ✭✭✭✭✭

    @logger7 said:
    I'd have to think that the value of a submission would have to be pretty high to warrant a submission. For a "regular" submission what is the minimum the coin should be worth to warrant that? Also would you send in an economy coin if it were worth under $100?

    You’d think so, but look at all the trinkets that you see in TPG holders. The lowest value for even an economy submission I’ve done was still over $200.
    But of course one man’s trinket is another man’s treasure…..and perhaps they had higher but unrealistic aspirations too.

    Successful BST transactions with 170 members. Recent: Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
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    GoBustGoBust Posts: 586 ✭✭✭✭✭

    Overall reasonable given the economy and circumstances with inflation. I wonder if they might add a category of lower value coins with guarenteed 60 or 90 day grading?

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    HillbillyCollectorHillbillyCollector Posts: 516 ✭✭✭✭✭

    @winesteven said:

    @jmlanzaf said:

    @winesteven said:

    @jt88 said:
    I think the next is auction house increase the fee from 20% to 23% or even 25% soon

    IF it happens, it doesn’t hurt the bidders, as many will/should adjust their hammer bid, but will negatively impact the consignors!

    Steve

    It sort of depends on where they allocate the increase. They could decrease the premiums for sellers with the money. I mean, would you rather consign where there is a 20% BP and a 0% SP or where there is a 25% BP but you get 105% of hammer?

    But those same negotiations take place today, with the consignor usually getting more than 100% of the hammer. However, I admit that if they raise the bp, it could be EASIER for consignors to negotiate a larger increase over the hammer than they can get now.

    Relating to this, I have only sold coins through Stacks whereas I received a percentage of the SP. How are the other auction houses to work with on this issue and who do you think is the easiest to ‘wheel and deal’?
    HB

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    jmlanzafjmlanzaf Posts: 32,003 ✭✭✭✭✭

    @HillbillyCollector said:

    @winesteven said:

    @jmlanzaf said:

    @winesteven said:

    @jt88 said:
    I think the next is auction house increase the fee from 20% to 23% or even 25% soon

    IF it happens, it doesn’t hurt the bidders, as many will/should adjust their hammer bid, but will negatively impact the consignors!

    Steve

    It sort of depends on where they allocate the increase. They could decrease the premiums for sellers with the money. I mean, would you rather consign where there is a 20% BP and a 0% SP or where there is a 25% BP but you get 105% of hammer?

    But those same negotiations take place today, with the consignor usually getting more than 100% of the hammer. However, I admit that if they raise the bp, it could be EASIER for consignors to negotiate a larger increase over the hammer than they can get now.

    Relating to this, I have only sold coins through Stacks whereas I received a percentage of the SP. How are the other auction houses to work with on this issue and who do you think is the easiest to ‘wheel and deal’?
    HB

    Depends on what you have. Ifv you have quality, any of them will negotiate.

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    MrEurekaMrEureka Posts: 23,947 ✭✭✭✭✭

    @Connecticoin said:
    Yet the $300 limit for economy is the same as when I started submitting in 2004. The limits should go up in proportion to the fee increases - economy limit should be around $500 now.

    It's called bracket creep. Worked well for the IRS for a long, long time. Not so much for taxpayers.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.

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